Brixmor Property Group Inc.(BRX)Stock Analysis
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Rank #427 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
BRX Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Brixmor Property Group Inc. (BRX), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores BRX at 68.2/100 on a 32-signal composite quality model, placing it at rank #427 of 2,879 stocks — the top 25% of the AI-ranked universe. BRX scores in the top quartile across free cash flow (91.5), profitability (89.7). Based on the latest XBRL financial filings (Q1 2026), Brixmor Property Group Inc. reports quarterly revenue of $354.8M, net income of $127.8M, an operating margin of 36.0%. Top institutional holders of BRX by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. BRX trades on the NYSE exchange and files with the SEC under CIK 1581068. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BRX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Brixmor Property Group Inc. directly from SEC EDGAR. Brixmor Property Group Inc.'s 13F Pro composite quality score has ranged between 67 and 71 since 2026, currently 68.2 — a stable long-term trajectory across 10 quarterly and live scoring snapshots.
What's Driving BRX's Business? Latest 10-Q Breakdown
AI-extracted from Brixmor Property Group Inc.'s 10-Q filed 2026-04-27 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Brixmor generated $354.8M in total revenue (up 5.1% YoY), with net income of $127.8M boosted by $52.1M gain on sale of four shopping centers.
Biggest Revenue Drivers
Total revenue: $354.8M+5.1% YoY
Increase driven by contractual rent increases, positive rent spreads on new/renewal leases, and higher billed occupancy for same-property assets.
Largest Expense Items
Decrease in accelerated depreciation due to lower tenant move-outs in prior period, partially offset by capital expenditure additions.
Increase due to higher current year property assessments on same-property assets.
Increase primarily due to higher utilities, repairs/maintenance, and insurance on same-property assets.
Remained consistent; employee compensation costs partially offset by capitalized construction and leasing costs.
Margins: Operating income margin compressed slightly due to higher operating costs and real estate taxes offsetting revenue growth. Interest expense increased $5.3M YoY from higher debt levels and rates, though offset by $52.1M gain on real estate dispositions in Q1 2026 versus only $3.1M in Q1 2025.
Watch Items from the Filing
- Portfolio composition: three largest tenants by annualized base rent are TJX, Kroger, and Burlington; company is one of largest landlords to each, creating potential concentration risk.
- Debt maturities: $607.5M due in remainder of 2026 and $400M due in 2027; company has $1.79B available liquidity including $1.25B undrawn revolving facility.
- Disposition activity elevated in Q1 2026: $105.7M proceeds from four asset sales generating $52.1M gain, compared to $21.6M proceeds and $3.1M gain in Q1 2025.
- Occupancy improvement: billed occupancy increased to 91.4% as of March 31, 2026 from 90.0% one year prior; leased occupancy at 95.1% versus 94.1% YoY.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$354.8M
Net Income
Q1 2026
$127.8M
Free Cash Flow
Q1 2026
$141.2M
Operating Margin
Q1 2026
36.0%
ROIC
Q1 2026
1.5%
D/E Ratio
Q1 2026
1.81
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+6.7% YoYNet Income
+13.8% YoYEPS (Diluted)
+12.6% YoYTotal Assets
+2.5% YoYTotal Debt
+2.9% YoYOp. Cash Flow
+4.4% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.37B +6.7% | $1.29B +3.2% | $1.25B +2.2% | $1.22B +5.7% | $1.15B +9.4% | $1.05B |
| Net Income | $386.2M +13.8% | $339.3M +11.2% | $305.1M -13.9% | $354.2M | — | — |
| EPS (Diluted) | $1.25 +12.6% | $1.11 +9.9% | $1.01 -13.7% | $1.17 +30.0% | $0.90 +119.5% | $0.41 |
| Total Assets | $9.13B +2.5% | $8.91B +6.9% | $8.33B -1.2% | $8.44B +0.7% | $8.38B +0.4% | $8.34B |
| Total Debt | $5.49B +2.9% | $5.34B | — | — | — | — |
| Operating Cash Flow | $652.0M +4.4% | $624.7M +6.1% | $588.8M +4.0% | $566.4M +2.6% | $552.2M +24.6% | $443.1M |
AI Insight: BRX Financial Trends
BRX revenue hit $355M in Q1 2026 — up 12% over eight quarters — but debt surged to $5,496M, nearly flat equity signaling rising leverage.
• Revenue grew steadily from $316M in Q2 2024 to $355M in Q1 2026, a gain of roughly 12% over eight quarters.
• Net income improved from $70M in Q1 2025 to $137M in Q4 2025, though it dipped to $128M in Q1 2026.
• Total debt jumped from $5,104M in Q1 2025 to $5,496M in Q1 2026, while equity barely moved from $2,954M to $3,037M.
• Operating cash flow has been volatile, ranging from $130M to $184M, with Q1 2026 at $141M near the low end.
⚠ Debt rose ~$392M from Q1 2025 to Q1 2026 with minimal equity growth — debt-to-equity ratio is worsening noticeably.
⚠ Q1 2026 net income fell to $128M from Q4 2025's $137M — monitor whether seasonal dip or a trend reversal.
⚠ Operating CF of $141M in Q1 2026 is the second-lowest in the dataset; sustained weakness could pressure dividend coverage.
AI Insight: BRX Ratio Trends
BRX profitability surged through 2025 with NPM nearly doubling from Q1 to Q4, though Q1 2026 shows a modest sequential pullback.
• NPM expanded sharply from 20.7% in Q1 2025 to 38.8% in Q4 2025, nearly doubling over four quarters.
• ROE followed the same arc, rising from 9.4% in Q1 2025 to 18.2% in Q4 2025, reflecting stronger earnings conversion.
• Q1 2026 NPM dipped to 36.0% and ROE to 16.8%, a sequential pullback from Q4 2025 peaks.
• D/E has fluctuated between 1.73 and 1.85 across the visible quarters, with no clear deleveraging trend.
⚠ Q1 2026 ROA slipped to 5.6% from Q4 2025's 6.0% — monitor whether this is seasonal or a margin inflection.
⚠ D/E ticked up to 1.85 in Q3 2025 and remains elevated at 1.81 in the TTM — leverage has not declined.
⚠ OpMargin and ROIC data are entirely absent; without them, operating efficiency and capital returns cannot be fully assessed.
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Top Institutional Holders of BRX
BlackRock, Inc.
$1.1B38,764,735 shVANGUARD PORTFOLIO MANAGEMENT LLC
$840.3M29,178,222 shSTATE STREET CORP
$440.7M15,302,018 shVANGUARD CAPITAL MANAGEMENT LLC
$396.3M13,758,989 shCENTERSQUARE INVESTMENT MANAGEMENT LLC
$318.8M11,071,067 shFRANKLIN RESOURCES INC
$262.5M9,113,393 shInvesco Ltd.
$213.0M7,396,550 shGEODE CAPITAL MANAGEMENT, LLC
$186.4M6,470,094 shMASSACHUSETTS FINANCIAL SERVICES CO /MA/
$184.6M6,411,407 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$180.2M6,258,358 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.1B | 38,764,735 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $840.3M | 29,178,222 |
| STATE STREET CORP | $440.7M | 15,302,018 |
| VANGUARD CAPITAL MANAGEMENT LLC | $396.3M | 13,758,989 |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $318.8M | 11,071,067 |
| FRANKLIN RESOURCES INC | $262.5M | 9,113,393 |
| Invesco Ltd. | $213.0M | 7,396,550 |
| GEODE CAPITAL MANAGEMENT, LLC | $186.4M | 6,470,094 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $184.6M | 6,411,407 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $180.2M | 6,258,358 |
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Popular Research
Is BRX a good stock to buy?
13F Pro's AI-powered analysis of Brixmor Property Group Inc. (BRX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BRX are available on the BRX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BRX?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BRX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Brixmor Property Group Inc.'s investment landscape.